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20121121
20121129
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in energies and metals. let's go to sharon at the nymex. >> brent crude is the benchmark in light of what we're seeing in the israel gaish gaza conflict. once again, the contract showing the most momentum in the oil market. up $1 here on the bus explosion in tel aviv. yesterday was all about potentially a creaease-fire in israel/g israel/gaza conflict. now we're focused on more violence and whether that will escalate and spread regionally and impact oil flows in the region. we're looking at what's happening in europe. and the fact there's been no agreement there on the greek bailout deal is something that could potentially put pressure on prices and it's a reason why we're still not at the highs we saw on monday in terms of the oil price. we're continuing to watch the supply picture as well. we'll get the information from the energy department at 10:30. the american petroleum industry report showed declines across the board. that was bullish for prices as well. in terms of natural gas that report comes out at noontime today, a day earlier because of the thanksgiving holiday. we are looking a
latest news in energy. mary thompson is at the nimax. energy all over the map. >> that's right. this morning we have the energy complex that's mixed. we did see initial support to crude oil from that greek deal but that quickly dissipated. dollar strength keeping pressure on crude today. traders of course keeping watch on tensions in the mid easts s but because that provides pressure to crude oil. those are some of the factors at play today. look at the rest of the energy complex, december contracts for gasoline, heating oil, as well as nat gas expire today. natural gas continuing the decline from yesterday after it came under pressure because of a warm forecast for the month of december. checking gold prices. they are pulling back today. expect volatility later as well because of december contract expires. david, back to you. >> all right. thanks very much, mary thompson. i wanted to look at two of the companies involved in the largest deal of the day. that is the $6.8 billion acquisition announced this morning by conagra who has been trying to buy ralcorp for the last couple
in oil as well. we are going to get an inventory report from the department of energy at 10:30. we already saw a report from the industry trade group, american petroleum institute showing builds across the board which may be a reason why we see wti prices under pressure. >> we want to redirect attention to knight capital shares up 19% this morning. let's call it 16%. at 8:20 we told you getco one of the owners of the company when knight had a huge trading glitch and lost all that value for shareholders and had to dilute itself to avoid bankruptcy, getco one of the investors. now they have made a bid for the company that's complicated. it would involve merging the two companies. and then buying or tendering for half of the company at 1.75 a share. if you're a knight shareholder, you get $1.75 in cash. you have a remaining share that involves getco and night that they value at 1.75. when we merge getco in we have a value of 3.50 a share. it's up to independent directors of knight to decide how to proceed here. as bob said as we've been saying, virtue another company controlled by the
news at energy and metals and go to sharon epperson at the nimax. >> many commodities on friday had the best performance in a month and we see a subdued marketplace and a pullback across the board here. we're looking at oil prices that are lower. the truce is holding between israel and hamas and that's something that's perhaps putting some pressure on prices. the cease-fire holding and the fact that we are looking at some weakness here in the euro and traders continue to eye what is happening there in the eurozone over the greek debt deal. we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities definitely the slide that we're seeing in natural gas d
the viewers are. let's check in now with latest moves on energy and go up to jackie at the nimax. >> we're watching oil prices this morning flat to slightly higher. wti is holding above $87 a barrel and traders are telling me we'll be in an affected range for the next couple of weeks absent big catalyst like the middle east. we have the cease-fire but we have to see how long it lasts. that's a trigger to the upside. trigger to the downside could be strength in the dollar and also data coming out of the u.s. we'll have to keep a close eye on that. fiscal cliff is a wild card. traders don't expect imminent news. we're keeping an eye on the metals complex. gold is seeing strength on euro strength today. generally a cautious tone here for the traders who are on the floor today. back over to you, david. >> all right. thanks very much. we want to turn our viewers attention now to a pitch battle going on for quite sometime but reaching a tipping point between the government of argentina led by its president and new york based hedge fund manager paul singer well known the man who runs elliott c
Search Results 0 to 4 of about 5